Properties Of Scoring Auctions
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Properties Of Scoring Auctions
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Author : John Asker
language : en
Publisher:
Release Date : 2008
Properties Of Scoring Auctions written by John Asker and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
This paper studies scoring auctions, a procedure commonly used to buy differentiated products: suppliers submit offers on all dimensions of the good (price, level of non monetary attributes), and these are evaluated using a scoring rule. We provide a systematic analysis of equilibrium behavior in scoring auctions when suppliers private information is multidimensional (characterization of equilibrium behavior and expected utility equivalence). In addition, we show that scoring auctions dominate several other commonly used procedures for buying differentiated products, including menu auctions, beauty contests and price-only auctions with minimum quality thresholds.
Properties Of Scoring Auctions
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Author : Estelle Cantillon
language : en
Publisher:
Release Date : 2004
Properties Of Scoring Auctions written by Estelle Cantillon and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Auctions categories.
Scoring Auctions With Non Quasilinear Scoring Rules
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Author : Krishnendu Ghosh Dastidar
language : en
Publisher:
Release Date : 2014
Scoring Auctions With Non Quasilinear Scoring Rules written by Krishnendu Ghosh Dastidar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
In this paper we analyse scoring auctions with general non-quasilinear scoring rules. We assume that cost function of each firm is additively separable in quality and type. In sharp contrast to the recent results in the literature we show the following. (i) Equilibria in scoring auctions can be computed without any endogeneity problems and we get explicit solutions. (ii) We provide a complete characterisation of such equilibria and compare quality, price and expected scores across first-score and second-score auctions. (iii) We show that such properties and rankings depend on the curvature properties of the scoring rule and the distribution function of types.
Ascending Combinatorial Scoring Auctions
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Author : Thomas Rieck
language : en
Publisher:
Release Date : 2009
Ascending Combinatorial Scoring Auctions written by Thomas Rieck and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Auctions
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Author : Timothy P. Hubbard
language : en
Publisher: MIT Press
Release Date : 2016-01-13
Auctions written by Timothy P. Hubbard and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-13 with Business & Economics categories.
How auctions work, in theory and practice, with clear explanations and real-world examples that range from government procurement to eBay. Although it is among the oldest of market institutions, the auction is ubiquitous in today's economy, used for everything from government procurement to selling advertising on the Internet to course assignment at MIT's Sloan School. And yet beyond the small number of economists who specialize in the subject, few people understand how auctions really work. This concise, accessible, and engaging book explains both the theory and the practice of auctions. It describes the main auction formats and pricing rules, develops a simple model to explain bidder behavior, and provides a range of real-world examples. The authors explain what constitutes an auction and how auctions can be modeled as games of asymmetric information—that is, games in which some players know something that other players do not. They characterize behavior in these strategic situations and maintain a focus on the real world by illustrating their discussions with examples that include not just auctions held by eBay and Sotheby's, but those used by Google, the U.S. Treasury, TaskRabbit, and charities. Readers will begin to understand how economists model auctions and how the rules of the auction shape bidder incentives. They will appreciate the role auctions play in our modern economy and understand why these selling mechanisms are so resilient.
Handbook Of Procurement
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Author : Nicola Dimitri
language : en
Publisher: Cambridge University Press
Release Date : 2006-09-28
Handbook Of Procurement written by Nicola Dimitri and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-09-28 with Business & Economics categories.
How can organizations ensure that they can get best value for money in their procurement decisions? How can they stimulate innovations from their dedicated suppliers? With contributions from leading academics and professionals, this 2006 handbook offers expert guidance on the fundamental aspects of successful procurement design and management in firms, public administrations, and international institutions. The issues addressed include the management of dynamic procurement; the handling of procurement risk; the architecture of purchasing systems; the structure of incentives in procurement contracts; methods to increase suppliers' participation in procurement contests and e-procurement platforms; how to minimize the risk of collusion and of corruption; pricing and reputation mechanisms in e-procurement platforms; and how procurement can enhance innovation. Inspired by frontier research, it provides practical recommendations to managers, engineers and lawyers engaged in private and public procurement design.
Oligopoly Auctions And Market Quality
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Author : Krishnendu Ghosh Dastidar
language : en
Publisher: Springer
Release Date : 2017-08-29
Oligopoly Auctions And Market Quality written by Krishnendu Ghosh Dastidar and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-08-29 with Business & Economics categories.
This book provides an economic analysis of various aspects of ‘market quality’, a new concept which emerged in the 21st century, using the tools of ‘oligopoly theory’ and ‘auction theory’ that evolved over the 19th and 20th centuries. In the economics literature the link between the theories of oligopoly and auctions with market quality remains largely unexplored. This book attempts to forge such a link as it brings together relevant theoretical results in the literature on these topics under a unified framework. While the book is mainly theoretical in nature, it also discusses some specific issues related to the problems of market quality in emerging economies like India. Illustrated by carefully chosen examples, this book is highly recommended to readers who seek an in-depth and up-to-date integrated overview of the new field of market quality economics and are interested in some open research problems in this area. How should auctions and other allocation mechanisms be designed for oligopolistic industries to achieve such goals as efficiency, high-quality output and fast production? Krishnendu Ghosh Dastidar’s book offers novel analysis of this question and also some interesting answers. Highly recommended. Eric S. Maskin, Nobel laureate in Economics
Equilibrium In Scoring Auctions
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Author : John Asker
language : en
Publisher:
Release Date : 2004
Equilibrium In Scoring Auctions written by John Asker and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Handbook Of Industrial Organization
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Author :
language : en
Publisher: Elsevier
Release Date : 2021-12-09
Handbook Of Industrial Organization written by and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-09 with Business & Economics categories.
Handbook of Industrial Organization Volume 4 highlights new advances in the field, with this new volume presenting interesting chapters. Each chapter is written by an international board of authors. Part of the renowned Handbooks in Economics series Chapters are contributed by some of the leading experts in their fields A source, reference and teaching supplement for industrial organizations or industrial economists
Dealmaking The New Strategy Of Negotiauctions First Edition
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Author : Guhan Subramanian
language : en
Publisher: W. W. Norton & Company
Release Date : 2010-02-01
Dealmaking The New Strategy Of Negotiauctions First Edition written by Guhan Subramanian and has been published by W. W. Norton & Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-02-01 with Business & Economics categories.
“Packed with transformative insights, Dealmaking will help a new generation of business leaders get to yes.”—William Ury, coauthor of Getting to Yes Informed by meticulous research, field experience, and classroom-tested strategies, Dealmaking offers essential insights for anyone involved in buying or selling everything from cars to corporations. Leading business scholar Guhan Subramanian provides a lively tour of both negotiation and auction theory, then takes an in-depth look at his own hybrid theory, outlining three specific strategies readers can use in complex dealmaking situations. Along the way, he examines case studies as diverse as buying a house, haggling over the rights to a TV show, and participating in the auction of a multimillion-dollar company. Based on broad research and detailed case studies, Dealmaking brings together negotiation and auction strategies for the first time, providing the jargon-free, empirically sound advice professionals need to close the deal. Originally published in hardcover under the title Negotiauctions.